The Coral Terrace Census Designated Place had a population of 24,596 as of July 1, 2019. Coral Terrace ranks in the upper quartile for Population Density and the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.
The primary coordinate point for Coral Terrace is located at latitude 25.7459 and longitude -80.3045 in Miami-Dade County. The formal boundaries for the Coral Terrace Census Designated Place encompass a land area of 3.38 sq. miles and a water area of 0.08 sq. miles. Miami-Dade County is in the Eastern time zone (GMT -5). The elevation is 3 feet.
The Coral Terrace Census Designated Place (GNIS ID: 2402796) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.
Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Coral Terrace Census Designated Place is located within Miami CCD of Miami-Dade County.
HOUSING AFFORDABILITY INDEX
|Coral Terrace, FL Housing Affordability Index is 86
State of Florida Housing Affordability Index is 113
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Coral Terrace, FL Wealth Index is 76
State of Florida Wealth Index is 94
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Florida address.
|Population in Households||24,276|
|Population in Familes||20,075|
|Population in Group Qrtrs||320|
|Median Household Income||$54,679|
|Average Household Income||$74,031|
|Per Capita Income||$23,513|
|Total Housing Units||8,258 (100%)|
|Owner Occupied HU||4,544 (55.0%)|
|Renter Occupied HU||3,240 (39.2%)|
|Vacant Housing Units||474 ( 5.7%)|
|Median Home Value||$309,025|
|Housing Affordability Index2||86|
|Average Household Size||3.12|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.72%|
|Per Capita Income||3.39%|
The table below compares Coral Terrace to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 165||82nd|
|Population Density||# 46||95th|
|Diversity Index||# 763||17th|
|Median Household Income||# 391||58th|
|Per Capita Income||# 594||35th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.